Sanjay Kaushal appointed as CFO of Indian Oil

New Delhi: Sanjay Kaushal has been appointed as Chief Financial Officer (CFO) of Indian Oil Corporation (IOC), the state-run fuel retailer told the stock exchanges on Tuesday. Kaushal has been assigned charge of the CFO post after Sandeep Kumar Gupta, former Director (Finance) at Indian Oil, took charge as CMD (Chairman and Managing Director) at GAIL (India) Ltd.

"… it is hereby informed that Shri Sandeep Kumar Gupta, Director (Finance) (DIN-07570165) has ceased to be Director (Finance) of the Company w.e.f. 3 October 2022 (Afternoon) consequent upon his appointment as Chairman & Managing Director (CMD) on the Board of GAIL (India) Limited," said a BSE filing.

"It is further informed that, Shri Sanjay Kaushal has been appointed as Chief Financial Officer (CFO) of the Company w.e.f. 3 October 2022 (Afternoon). Shri Sanjay Kaushal is a Fellow Member of the Institute of Cost Accountant of India and Institute of Company Secretaries of India," said IOC.

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He is also a law graduate and a certified Financial Analyst. Presently, he is heading the Corporate Affairs and Taxation Department of Indian Oil and is holding the position of Executive Director (Corporate Affairs & Taxation). He has worked in various locations of Indian Oil, like Mathura Refinery, Barauni Refinery, Refinery Head office and the corporate office.

Kaushal is not related to any other Director/Key Managerial Personnel (KMP) of the
company, said Indian Oil.

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